Crowdfunded NFT Project Aims to Buy Cold War Nuclear Bunker in the UK

A unique crowdfunding initiative is underway as the doomsday-themed NFT project, Meatbags, seeks to purchase a Cold War-era nuclear bunker in Rutland, England. By selling 100,000 NFTs at $14 each, the project aims to raise $1.4 million to acquire and renovate the historic site, transforming it into a community-governed asset.

Key Takeaways

• Project Name: Meatbags

• NFT Price: $14 each

• Total NFTs for Sale: 100,000

• Funding Goal: $1.4 million

• Auction Date: April 24, 2025

• Bunker History: Built in 1960, decommissioned in 1968

The Bunker’s Historical Significance

The nuclear bunker, constructed in 1960, served as a monitoring post during the Cold War, one of 1,500 such facilities across the UK. It was designed to report nuclear attacks and monitor radioactive fallout. The property spans 1.4 acres and includes a former reservoir, with planning permission already secured to convert it into a luxury residence featuring cathedral-style ceilings and expansive glass frontages.

Crowdfunding Strategy

The Meatbags project, created by a team known as Dead Bruv, plans to sell NFTs starting April 21, 2025. The sale will include:

• 10,000 NFTs airdropped to existing Meatbags holders.

• 90,000 NFTs available for public purchase.

Purchasers will join the Billionaire Bunker Club, a decentralized autonomous organization (DAO) that will vote on the future use of the bunker if the purchase is successful. Possible ideas include:

• Transforming it into a tourist attraction.

• Listing it on Airbnb.

• Hosting end-of-the-world festivals.

• Creating a members-only survival resort.

Learning from Previous DAO Efforts

This initiative draws parallels to past DAO attempts, notably ConstitutionDAO, which raised $47 million to buy a copy of the U.S. Constitution but ultimately lost the auction. Unlike that effort, Meatbags has pledged to refund participants if they cannot secure the bunker or an alternative site within six months of a rejected bid.

Community Governance and Future Plans

If successful, NFT holders will have a say in the bunker’s future, with voting rights on how to utilize the property. The project aims to make NFTs engaging and fun again, with co-founder Robert stating that the idea originated from a joke that evolved into a serious venture. He emphasized the importance of creativity and risk-taking in the project’s development.

Conclusion

The Meatbags NFT project represents a growing trend of crypto communities acquiring physical assets. With the auction date approaching, the team remains optimistic about their chances of securing the bunker and transforming it into a unique community asset. The sale of the Billionaire Bunker Club NFTs begins on April 21, 2025, offering a novel opportunity for doomsday preppers and NFT enthusiasts alike to invest in a piece of Cold War history.

Sources

• ConstitutionDAO But for the Apocalypse: Solana NFT Project Aims to Buy Nuclear Bunker, Decrypt.

• Solana NFT Project Plans to Purchase Cold War Nuclear Bunker Through Crowdfunding, MoneyCheck.

• Nuclear Bunker in England Target of Solana NFT Project's Crowdfunding Campaign, Blockonomi.

• NFT project plans crowdfund purchase of Cold War nuclear bunker, Cointelegraph.

• Solana NFT Project Launches $1.4 Million Campaign to Buy Nuclear Bunker, CoinCentral.